Deductible earthquake insurance and whatever you should know

Did you know that according to US Geological Survey, California is one of the “strongest shaking potential” states? Are you ready for an earthquake and have appropriate deductible earthquake insurance to protect your house and belongings? This article brings you all you should know.

 

Earthquake insurance, what is it?

If an earthquake damages or destroys your house and belongings, the earthquake insurance covers your loss. If you have standard home insurance or renters insurance, you should know that they often do not cover earthquake damage. In case of not have appropriate earthquake insurance, you have to pay all of the damages caused by an earthquake yourself.

One coverage for your home insurance is fire. If the earthquake causes a fire and it damages your house, your home insurance pays for the damage. This is one exception and might happen or not. The damage caused by an earthquake is unknown, and you never know when it will happen. Not just you, but scientists still have not found a way to predict earthquakes.

People are becoming more concerned with natural disasters and want to protect themselves and their belongings from them. So they pick earthquake insurance more than before, and the data indicates a rise.

 

Do you have to get earthquake insurance in California?

The answer is no. The state law doesn’t mandate you to have earthquake insurance, and it is a personal option. But, people tend to get earthquake insurance as it gives them peace of mind and a form of insurance in terms of a disaster.

Earthquakes have become unpredictable, and the intensity might level the house to the ground.

Also, there are some places that are prone to earthquakes. Such states have the “strongest shaking potential. ” California is one of them, and it has been approved by the USGS.

 

What coverage does earthquake insurance provide?

The coverage is up to the insurance policy, and your needs. But the typical coverage is as below;

Dwelling

This item includes the structure of your house. By structure, I mean floor, ceiling, concrete, foundation, and any structure attached to the basics of the house.

Personal property

The exact details of the personal property come in your insurance plan policy. But they often include;

• furniture,
• clothes,
• appliances,
• dishes,
• pots and pans,
• jewelry,
• musical instruments,
• Rugs
• etc.

There are some items that are “special limits.” which means the insurance company has limited coverage for them. Some expensive tools and equipment come under this category, and you should ask the company about them.

Other structures

As the name suggests, this item covers the parts that are not attached to the house but are part of your house and need coverage. Your garage is an example that might get damaged in an earthquake.

The coverage for this section includes these parts;

• carports,
• storage buildings,
• pump houses
• etc.

Additional coverage. 

This item covers the expenses caused by the earthquake, and you can not live in your house because of the damage caused by the earthquake.

 

What is not covered by my earthquake insurance?

This is the section you must be careful about and pay attention to a lot. The items that are not covered by the earthquake insurance are important as they might be in your belongings or could be valuable to you.

If it’s not covered, you should negotiate with the company to include it or find a way to provide protection.

• business property
• Property of tenants
• Watercraft
• Aircraft
• Motor vehicles
• Decorative items
• Swimming pools.
• Animals.
• Data.
• Satellite dishes.
• Bulkheads.
• Underground structures.

The above items are just samples, and you would better ask the company about the details of the items not covered.

Apart from the items not covered, there are some problems that are not covered.

 

The amount of deductible earthquake insurance you need

The amount of deductible earthquake insurance you need should be enough to rebuild your house in terms of destruction in an earthquake. The insurance company might put limits on the amount of your insurance. But it should be enough to cover the cost of rebuilding your house.

The amount you need is up to your conditions, location, price of your house, income, and value of your property.

But it should be enough to cover your house, and you can afford it.

The earthquake insurance provided by David Elist insurance is enough to cover your house. It’s enough to repair your house and make it ready to live again. We provide enough coverage so you can do it.

When you explain your conditions, we provide you with the amount of coverage you need. We will guide you to pick the best coverage policy.

 

Deductible earthquake insurance in California

David Elist insurance provides all the insurance policies you need in California. We have provided the best earthquake insurance to our clients in California, plus various types of insurance.

From car insurance to life insurance and many other types of policies, we guide our clients to pick the best policy for their needs. Insurance should give you peace of mind and not put financial pressure on you. We try live by these words.

Give us a call at 818 999 9737 to complete the online form to get the complete information on your insurance needs with us.